Loading...
Should bitcoin be classified as money?
Title / Series / Name
Publication Volume
Publication Issue
Pages
Authors
Editors
Keywords
Bitcoin
Finance
Law
Money
Social ontology
Virtual currency
Social Psychology
Communication
Language and Linguistics
Anthropology
Philosophy
Economics, Econometrics and Finance (miscellaneous)
Finance
Law
Money
Social ontology
Virtual currency
Social Psychology
Communication
Language and Linguistics
Anthropology
Philosophy
Economics, Econometrics and Finance (miscellaneous)
URI
https://hdl.handle.net/20.500.14018/27275
Abstract
The advent of virtual currencies such as bitcoin raises a pressing question for lawmakers, regulators, and judges: should bitcoin and other virtual currencies be classified as money or currency for legal and regulatory purposes? I examine two different approaches to answering this question-a descriptive approach and a normative approach. The descriptive approach says that bitcoin and other virtual currencies should be classified as money or currency just in case they really are money or currency, whereas the normative approach says that this question of classification should be answered on the basis of substantive normative considerations. I argue against the descriptive approach and in favor of the normative approach.
Topic
Publisher
Place of Publication
Type
Journal article
Date
2021-08-01
Language
ISBN
Identifiers
10.1515/jso-2020-0022